Considering Trade - Looking for Advice

[san6279]

I bought my 2012 (silver, stripe delete, elec pkg, PP, recaros) for a tad under invoice in June. Now has 2300 miles on it. Put about 100 miles/wk on it as it is my DD. Now am considering a trade to a 2013, which my dealer has stated they would order/sell at or very near MSRP. Obviously I am leary of the hit I will take on the 2012, and am looking for any and all advice (timing, process, 2014?, anything) on how to go about this to minimize the hit.

Best scenario I can think of (another forum member did same thing) is to find someone who is willing to purchase privately, but wait for "delivery" until my new car comes in...and to do a pass through with the dealer (if they are willing) so my taxes are greatly reduced. That may be a long shot and could be risky (they could pull out?), I'm not sure.

My only assumption at this point is that my car is depreciating faster than the 2013 prices are going down, so if I am going to pull the trigger the sooner the better. Correct?

Appreciate any advice members here are willing to provide.

 

[03ShadowCobra]

how much money are you willing to lose is the only question.

also I don't understand this deal pass though thing you are talking about? why would the dealer be involved in your private party sale?

 

[san6279]

how much money are you willing to lose is the only question.

also I don't understand this deal pass though thing you are talking about? why would the dealer be involved in your private party sale?

I'd like to keep the hit to around $4-5K. So, for example, if I bought for $52K I'd need to sell for $48K. No dealer is going to give me $48K on a strict trade-in.

My understanding on the dealer pass through is that while I am selling to a private party, on the dealer paperwork it looks like a trade in so I 1) get a better price for the sale of my car and 2) only pay taxes on the delta between 2012 car price and 2013 car price. Just found out about this process yesterday and don't have all the details yet. Maybe they actually sell the car to the private party as part of the process.

 

[Chris!]

No one is going to pay $48k private party for that car- not that it's not a nice car. It's just that you could buy a new 2012 GT500 a few months ago for that price.

I think you could get $45k maybe $46k tops for it.

As for trade in...maybe $41k.

 

[Chris!]

Also- not many dealers will agree to that deal- because they are "selling" the car and are responsible for it..ie: 30 day safety warranty etc.

It's also pseudo-tax fraud

 

[san6279]

No one is going to pay $48k private party for that car- not that it's not a nice car. It's just that you could buy a new 2012 GT500 a few months ago for that price.

I think you could get $45k maybe $46k tops for it.

As for trade in...maybe $41k.

Thanks for the info. That helps.

So, assuming the delta between private and trade is around $4K, then there is really no difference between a trade in and private sale...because I save almost as much in taxes during the trade in.

The estimated hit is more like $10K.

 

[Chris!]

Thanks for the info. That helps.

No prob. Would rather tell you the truth than be blindsided

 

[san6279]

Also- not many dealers will agree to that deal- because they are "selling" the car and are responsible for it..ie: 30 day safety warranty etc.

It's also pseudo-tax fraud

Yeah, again, I just learned about the process so was not aware. I imagine laws differ by state, but your assessment does make sense.

 

[san6279]

No prob. Would rather tell you the truth than be blindsided

How about my assumption that sooner is better than later? Understand it may just be an educated guess, but any thoughts?

 

[rwboring]

also keep in mind that the base price is about 55,000 with delivery.

so 41,000 trade in is a 14k difference for the "base model" and depending on your taxes it could be 1k in tax difference

that's a lot of money to lose options...

 

[Chris!]

How about my assumption that sooner is better than later? Understand it may just be an educated guess, but any thoughts?

Well yea- anything will deprecate further...the '11 and '12s are SOFT right now.

If you paid around $50k for your '12 and want a similar 2013 you'll probably lose $5k or so if you sell on your own.

And will have to come up with $63k-ish to get a similarly optioned car.

Unless you have alot of disposable income- I would stick with your 12 and mod it.

 

[san6279]

also keep in mind that the base price is about 55,000 with delivery.

so 41,000 trade in is a 14k difference for the "base model" and depending on your taxes it could be 1k in tax difference

that's a lot of money to lose options...

Yes, and to make matters worse I'd be looking at ~$62 with the options I want.

 

[03ShadowCobra]

it's really not worth doing.

 

[san6279]

Well yea- anything will deprecate further...the '11 and '12s are SOFT right now.

If you paid around $50k for your '12 and want a similar 2013 you'll probably lose $5k or so if you sell on your own.

And will have to come up with $63k-ish to get a similarly optioned car.

Unless you have alot of disposable income- I would stick with your 12 and mod it.

Sound advice. If the '15 changes were not on the horizon, would not even be considering this.

 

[Devious_Snake]

Honestly I would keep the 12'. Do the front grille conversion, rear fascia, slap a TVS with a good tune and your done.

 

[42RCODE]

Honestly I would keep the 12'. Do the front grille conversion, rear fascia, slap a TVS with a good tune and your done.

I would too. :beer:

 

[san6279]

Honestly I would keep the 12'. Do the front grille conversion, rear fascia, slap a TVS with a good tune and your done.

I hate you AND your '13. No, just kidding. Those are all very good ideas. Wonder if Ford will come out with a TVS tune. Would like to keep my warranty.

 

[Chris!]

I hate you AND your '13. No, just kidding. Those are all very good ideas. Wonder if Ford will come out with a TVS tune. Would like to keep my warranty.

Order the FRPP tvs an calibrater through ford racing...have it installed by a Ford Dealer...still under warranty

 

[san6279]

Order the FRPP tvs an calibrater through ford racing...have it installed by a Ford Dealer...still under warranty

Someone else would tune the car then, correct? I assumed that would void warranty.

 

[Chris!]

Someone else would tune the car then, correct? I assumed that would void warranty.

No- the ford dealer would with the ford calibrater supplied by ford racing